Brent Crude Oil (BZ) June (M) contract study: year-by-year results, the day-by-day shape of the move and where highs and lows printed.
Contract Almanac · Brent Crude
Every clean June Brent contract 2016–2026, measured over its tenure as the lead contract · Typically leads Mar 27 – Apr 25
The June contract carries the second-best win rate on the Brent board, 8 of 11 clean tenures (73%), and one of its most misleading averages: +0.8%, dragged to the floor by a single catastrophic year. It leads from late March through most of April, spring positioning season, and most years that seat has paid.
Each year is one contract, measured from the open of the day it took over the lead to the close of the day it handed off, the same roll convention used across all Traders Brief research. One honesty note specific to Brent: the contract’s early CME-era history contains roll irregularities, and those irregular tenures are excluded, leaving 11 to 14 clean observations per month rather than the full 16 available elsewhere. The counts shown are the cleaned record. All highs and lows are the contract’s own trades, marked by trading day of the tenure, not calendar day.